Me and my partner are hoping to acquire a 2 bedroom apartment in West Croydon with a mortgage. We like our West Croydon solicitor, but the mortgage company advise she’s not on their "panel". It seems we have no choice but to use one of the lender panel conveyancing practices or keep our West Croydon property lawyer and pay for one of their panel ones to represent them. This seems very unfair; can we not insist that the bank use our West Croydon conveyancer ?
Unfortunately,no. Your mortgage offer is subject to its terms and conditions, one of which will be that lawyers will on the bank’s conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your West Croydon conveyancing lawyer to apply to be on the conveyancing panel.
As someone unfamiliar with the West Croydon conveyancing process what’s the number one tip you can give me concerning the ownership transfer in West Croydon
Not many law firms or advisers will tell you this but conveyancing in West Croydon or throughout Surrey is an adversarial process. Put another way, when it comes to conveyancing there is plenty of room for confrontation between you and other parties involved in the legal transfer of property. For example, the vendor, selling agent and on occasion a lender. Choosing a lawyer for your conveyancing in West Croydon should not be taken lightly as your conveyancer is your adviser, and is the ONE party in the transaction whose role it is to act in your legal interests and to protect you.
On occasion a third party with a vested interest may attempt to convince you that you should follow their advice. For instance, the selling agent may claim to be assisting by claiming that your lawyer is dragging his heels. Or your mortgage broker may tell you to do something that is against your solicitors guidance. You should always trust your lawyer above all other parties when it comes to the legal transfer of property.
Forgive me if this question is silly but I am unexperienced as a first time buyer of a garden flat in West Croydon. Do I receive the keys to the house on the completion date from my lawyer? If this is the case, I will find a local conveyancing solicitor in West Croydon?
On the day of completion you will not be required to attend the conveyancers office in West Croydon. Your solicitors will transfer the purchase money to the seller's solicitors, and shortly after the monies have arrived, you will be able to collect the keys from the property Agents and move into your new home. Usually this occurs between 1 and 3pm.
I'm spending time viewing flats in West Croydon and I am now considering a potential offer. Is it too early to have a solicitor in place? I am planning to take a home loan with Barclays.
It would be prudent to commence your search sooner rather than later. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their contact information on to the estate agent. As you are obtaining a mortgage with Barclays, make sure you remember to check that your lawyer is on the Barclays conveyancing panel.
I was told three weeks ago that my mortgage has been agreed to by Nottingham. Is it usual for Nottingham to only issue the offer once my solicitor in West Croydon is approved on their conveyancing panel? Nottingham have asked my solicitor to see a copy of their Professional Indemnity Insurance Schedule.
A lender would not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Nottingham to deal with your lawyer's application to be on the Nottingham conveyancing panel. There's no guarantee that your solicitor will be accepted.
About to purchase a new build flat in West Croydon. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Here is a sample of a few leasehold new build enquiries that you should expect your new-build leasehold conveyancing in West Croydon
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There must be mutual enforceability of lessee’s covenants. Please supply a car parking plan. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal.
I am looking into buying my first house which is in West Croydon and I am already nervous. I couldn't find anything specific about West Croydon. Conveyancing will be needed in due course but do you know about the West Croydon area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at West Croydon. In the meantime here are some basic statistics that we found
I have just started marketing my basement apartment in West Croydon. Conveyancing lawyers have not yet been instructed, but I have just received a yearly service charge invoice – should I leave it to the buyer to sort out?
The sensible thing to do is discharge the maintenance contribution as normal because all rents and maintenance payments should be allotted on completion, so you will be reimbursed by the buyer for the period running from after the completion date to the subsequent invoice date. Most management companies will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
After months of correspondence we simply can't agree with our landlord on how much the lease extension should cost for our flat in West Croydon. Can we issue an application to the Residential Property Tribunal Service?
Absolutely. We can put you in touch with a West Croydon conveyancing firm who can help.
An example of a Freehold Enfranchisement decision for a West Croydon premises is 29 Woodstock Road in April 2014. the Tribunal determined that the premiums to be paid into court in respect of the purchase of the freehold registered at HMLR under Title N0.SY3997 should be £7,217. This case related to 4 flats. The unexpired lease term was 98 years.